advertisement

California man pleads guilty in mortgage fraud of American Sterling Bank

Tuesday, January 31, 2012 | 8:23 a.m. CST; updated 9:19 a.m. CST, Tuesday, January 31, 2012

KANSAS CITY — A California man has pleaded guilty to his role in a mortgage scheme that defrauded a western Missouri bank of more than $8.5 million.

U.S. Attorney Beth Phillips said 36-year-old William Troy Goings, of Sacramento, pleaded guilty Monday in federal court in Kansas City.

Goings admitted defrauding American Sterling Bank in Sugar Creek in a scheme that ran from October 2006 to January 2007, about 18 months before the suburban Kansas City bank was closed.

Prosecutors say Goings submitted fraudulent loan applications for borrowers on behalf of a California mortgage broker. American Sterling Bank approved nearly $8.6 million in loans for 19 properties in California.

Goings could be sentenced to up to 30 years in prison without parole and fined up to $1 million.


Like what you see here? Become a member.


Show Me the Errors (What's this?)

Report corrections or additions here. Leave comments below here.

You must be logged in to participate in the Show Me the Errors contest.


Comments

Leave a comment

Speak up and join the conversation! Make sure to follow the guidelines outlined below and register with our site. You must be logged in to comment. (Our full comment policy is here.)

  • Don't use obscene, profane or vulgar language.
  • Don't use language that makes personal attacks on fellow commenters or discriminates based on race, religion, gender or ethnicity.
  • Use your real first and last name when registering on the website. It will be published with every comment. (Read why we ask for that here.)
  • Don’t solicit or promote businesses.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report comment" link.

You must be logged in to comment.

Forget your password?

Don't have an account? Register here.

advertisements